What is NOT used in the calculation of GDP (expenditure model)?
a. the value of factories built during the year
b. US citizen purchases automobiles made in Germany
c. the value of US corporate stocks purchased by US investors
d. the value of the decline in US business inventories
Ans: c. the value of US corporate stocks purchased by US investors
You might also like to view...
In the absence of commitment devices, present-biased individuals are never as patient as they intend to be.
Answer the following statement true (T) or false (F)
A vertical merger is one that takes place between two companies producing different goods or services for one specific finished product
Indicate whether the statement is true or false
The poverty estimates include an imputation for the homeless
Indicate whether the statement is true or false
Which of the following best defines productive efficiency?
a. Producing without waste b. Producing what society prefers c. Selling goods at the lowest cost d. Competing with identical goods